(Answered) Problem - yanni a single individual reports the following

Accounting

Problem - Yanni, a single individual, reports the following information for the tax year.

Salary $80,000

State income taxes 6,800

Mortgage interest expense 6,200

Charitable contributions 1,500

Interest income 1,300

Personal exemption 4,000

Compute the following for Yanni.

1. Regular taxable income.

2. AMT Income.

3. Tentative minimum tax.

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Taxation, Accounting

Category:- Taxation
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